BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Mynaric AG announced the price range for its planned initial public offering on the Frankfurt Stock Exchange has been set at 45 to 54 euros per share. The final offer price will be determined by means of a bookbuilding process.
The offer comprises up to 440,000 shares from a capital increase, as well as an over-allotment option of up to 66,000 shares, also from a capital increase. Assuming that all the offered shares are sold, the issue volume is expected to be between 22.8 million and 27.3 million euros. Existing shareholders will not sell any shares in the initial public offering.
The offer period begins on 16 October 2017 and is expected to end on 25 October 2017. The shares are planned to be listed in the Scale segment of the Frankfurt Stock Exchange as of 30 October 2017.
Mynaric was founded in 2009 by former employees of the German Aerospace Centre. The company develops laser technologies for building global communications networks in the air and in space. Its products for wireless data transmission include ground stations and laser terminals.
Copyright RTT News/dpa-AFX